Cindy Cheng
How do you defer gain from 1031 exchange on PA Schedule D? HELP!!!
I completed a 1031 exchange in 2023. I understand that PA finally conforms to Fed IRC 1031 eff 1/1/2023. I'm filing my taxes using TurboTax and completed form 8824 for Fed purposes. When I get to PA taxes, I see the d...
Nina Zou
Subject to deal
Hi,
I need a real estate lawyer in PA who did subject to deals before. Philadelphia area, Chester county to be specific.
Please reply to my post and I will reach out.
Also have a question. If I take over the loa...
Amanda Rouse
Distressed landlord with VA mortgage
Hi,
I am trying to find a best win-win for a distressed landlord who owes about $300k on their house through a VA loan. I want to be sure the options I present are protecting them and myself.
My understanding is tha...
Nick Bartelotti
How to find a good lender and get pre-approved?
I just started looking into real estate and reading books. I’m located in NYC but I was thinking of looking for properties in PA. I was curious on how to find a good lender to get pre-approved and get an understanding...
Manson C.
Passive Activity Loss Carryover after Marriage?
Hello. I am a single real estate investor whose Modified Adjusted Gross Income (MAGI) is under $150,000. I have a $50,000 Passive Activity Loss Carryover (PALC) from previous years. I will be getting married later thi...
Oliver Salmon
What flag should I place on my home for sale?
I'm about to list for sale my very nice, fairly large single family house with a very nice ADU. I used to rent the ADU, although perspective buyers are likely buying a single family home and not thinking of renting. W...
Min K.
State College PA Student Condos
Hi all. Penn State alum here. I was randomly browsing the State College PA Zillow listings and came across 4 studio apartments being sold for $680k. Each collects $750/month and has a $103 condo fee. I've been in this...
Douglas Holt
Real Estate Professional Status and material participation in new development hours?
I am looking to understand if development and construction hours for new multifamily project are eligible for material participation to earn real estate professional status the year it comes online.I have land and loo...
Zaya G.
Creative Financing Attorney, Title Company, Lender, Insurance
I am looking for attorneys, title company, lender, insurance agent referrals in the following states who are either practicing the creative financing techniques themselves OR are very familiar with them to make them w...
Chayden Young
2% Rule
Hi, I've been reading "The Book On Rental Property" and I know I understand the math for the 2% rule but the book is throwing me off. He says "you buy a house for $300,000 and rent is $2,000 per month. So this propert...